Peru

Peru (/pəˈruː/ (About this soundlisten); Spanish: Perú [peˈɾu]; Quechua: Piruw [pɪɾʊw];[8] Aymara: Piruw [pɪɾʊw]), officially the Republic of Peru (Spanish: About this soundRepública del Perú (help·info)), is a country in western South America. It is bordered in the north by Ecuador and Colombia, in the east by Brazil, in the southeast by Bolivia, in the south by Chile, and in the south and west by the Pacific Ocean. Peru is a megadiverse country with habitats ranging from the arid plains of the Pacific coastal region in the west to the peaks of the Andes mountains extending from the north to the southeast of the country to the tropical Amazon Basin rainforest in the east with the Amazon river.[9] At 1.28 million km2 (0.5 million mi2), Peru is the 19th largest country in the world, and the third largest in South America. https://en.wikipedia.org/wiki/Peru

The Lost Decade or the Crisis of the 80s (La Crisis de Los Ochentas) was a period of economic stagnation in Peru throughout the 1980s which was exacerbated to a severe macroeconomic crisis by the end of the decade.[1] Foreign debt accumulation throughout Latin America, a series of natural disasters, mass public expenditures, nationalizations of banks and financial institutions, and the shutting of Peru out of international credit markets led to a decade of macroeconomic decline. The financial crisis soon became adopted into the public sphere through hyperinflation in commodities, food shortages, and mass unemployment. By the end of the decade, Peru's gross domestic product (GDP) contracted over 20%, and poverty rose to 55%. https://en.wikipedia.org/wiki/Lost_Decade_(Peru)